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Dec 27, 2012 6:00pm PST
, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's
Jan 1, 2013 6:00pm PST
. they won't get it tonight. house speaker john boehner gave them two options, amend the bill with more spending cuts or vote on it as is. they went around today to see if they had the 218 votes they would need to amend it with more spending cuts. it appears they did not find enough support to do that. so that's why they are bringing it to a vote -- that's why they're bringing it to a vote as it is now. >> that's critical. it sounds like it's all over but the voting. >> reporter: it's all about the voting and tonight, i suspect there will be a lot of house republicans that won't be in support of this. house minority leader nancy pelosi, she says that house democrats are behind this. so they don't need all the republicans to agree on this. but again, when this is all over, they will be upset. and we may see another showdown like this coming up. they have to decide what to do with those automatic spending cuts if this bill passes. that's only delayed for two months and we have to deal with the debt limit again. this is far from over. there will be a lot of unhappy people tonight and in th
Search Results 0 to 1 of about 2